RONESANS GAYRIMENKUL YAT. (RGYAS) - Net Assets

Latest as of September 2024: TL89.16 Billion TRY ≈ $2.00 Billion USD

Based on the latest financial reports, RONESANS GAYRIMENKUL YAT. (RGYAS) has net assets worth TL89.16 Billion TRY (≈ $2.00 Billion USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL121.63 Billion ≈ $2.72 Billion USD) and total liabilities (TL32.47 Billion ≈ $727.24 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RGYAS asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL89.16 Billion
% of Total Assets	73.3%
Annual Growth Rate	56.17%
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	7.42

RONESANS GAYRIMENKUL YAT. - Net Assets Trend (2021–2023)

This chart illustrates how RONESANS GAYRIMENKUL YAT.'s net assets have evolved over time, based on quarterly financial data. Also explore RGYAS total assets for the complete picture of this company's asset base.

Annual Net Assets for RONESANS GAYRIMENKUL YAT. (2021–2023)

The table below shows the annual net assets of RONESANS GAYRIMENKUL YAT. from 2021 to 2023. For live valuation and market cap data, see RGYAS market cap.

Year	Net Assets	Change
2023-12-31	TL55.70 Billion ≈ $1.25 Billion	+48.88%
2022-12-31	TL37.41 Billion ≈ $837.93 Million	+63.72%
2021-12-31	TL22.85 Billion ≈ $511.79 Million	--

Equity Component Analysis

This analysis shows how different components contribute to RONESANS GAYRIMENKUL YAT.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 242.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component	Amount	Percentage
Retained Earnings	TL46.41 Billion	83.32%
Other Components	TL9.29 Billion	16.68%
Total Equity	TL55.70 Billion	100.00%

RONESANS GAYRIMENKUL YAT. Competitors by Market Cap

The table below lists competitors of RONESANS GAYRIMENKUL YAT. ranked by their market capitalization.

Company	Market Cap
Inno Laser Technology Co. Ltd. SHE:301021	$1.38 Billion
NÜRNBERGER Beteiligungs-AG F:NBG6	$1.38 Billion
Chongqing Department Store Co Ltd SHG:600729	$1.38 Billion
Cheil Worldwide KO:030000	$1.38 Billion
Happy Forgings Limited NSE:HAPPYFORGE	$1.38 Billion
Sinopep-Allsino Biopharmaceutical Co. Ltd. A SHG:688076	$1.37 Billion
Country Garden Holdings Company Limited F:DZJ	$1.37 Billion
Jiangxi GETO New Materials Corporation Limited SHE:300986	$1.37 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in RONESANS GAYRIMENKUL YAT.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2022 to 2023, total equity changed from 37,411,941,000 to 55,698,066,000, a change of 18,286,125,000 (48.9%).
Net income of 18,284,556,000 contributed positively to equity growth.

Equity Change Factors (2022 to 2023)

Factor	Impact	Contribution
Net Income	TL18.28 Billion	+32.83%
Other Changes	TL1.57 Million	+0.0%
Total Change	TL-	48.88%

Book Value vs Market Value Analysis

This analysis compares RONESANS GAYRIMENKUL YAT.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.10x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 2.69x to 1.10x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2021-12-31	TL69.03	TL185.50	x
2022-12-31	TL113.03	TL185.50	x
2023-12-31	TL168.27	TL185.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently RONESANS GAYRIMENKUL YAT. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 32.83%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 364.90%
• Asset Turnover: 0.06x
• Equity Multiplier: 1.50x
Recent ROE (32.83%) is above the historical average (21.05%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2021	-8.62%	-59.58%	0.05x	3.00x	TL-4.26 Billion
2022	38.94%	346.78%	0.05x	2.04x	TL10.83 Billion
2023	32.83%	364.90%	0.06x	1.50x	TL12.71 Billion

Industry Comparison

This section compares RONESANS GAYRIMENKUL YAT.'s net assets metrics with peer companies in the Real Estate - Development industry.

Industry Context

Industry: Real Estate - Development
Average net assets among peers: $189,654,234
Average return on equity (ROE) among peers: 40.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
RONESANS GAYRIMENKUL YAT. (RGYAS)	TL89.16 Billion	-8.62%	0.36x	$1.38 Billion
Dap Gayrimenkul Gelistirme AS (DAPGM)	$235.73 Million	79.48%	3.59x	$625.58 Million
Turker Proje Gayrimenkul Ve Yatirim Gelistirme AS (TURGG)	$143.58 Million	2.44%	0.27x	$114.83 Million

About RONESANS GAYRIMENKUL YAT.

IS:RGYAS Turkey Real Estate - Development

Market Cap

$1.38 Billion

TL61.40 Billion TRY

Market Cap Rank

#7722 Global

#57 in Turkey

Share Price

TL185.50

Change (1 day)

+0.49%

52-Week Range

TL110.60 - TL189.70

All Time High

TL189.70